| dc.description.abstract | The goal of this research is to look at the influence of intellectual capital
on the firm performance of listed companies in Vietnam. The study used secondary
data and data was collected from annual reports of 699 Vietnamese listed firms
published by the Vietnam Stock Exchange except for insurance companies, brokerage
companies & banks from 2017-2021. The Value Added Intellectual Coefficient model
was applied to calculate intellectual capital. In this research, two indicators were
employed to measure firm performance such as return on assets and return on equity,
while human capital efficiency, structural capital efficiency, and capital employed
efficiency represent three key components of intellectual capital efficiency. In addition,
size, leverage, and physical capital intensity are used as control variables to test this
relationship. The findings support the idea that businesses' intellectual capital improves
financial success. Human capital efficiency as well as capital employed efficiency were
found positively significant while structural capital efficiency had no significant impact
on firm performance. As a result, the authors discovered that various investors regard
the three components of value-generating efficiency differently. Hence, these findings
help to a improve view of the value of intellectual capital in the creation of company
value in Vietnamese-listed enterprises. | en_US |
